Azets Due Diligence
Run due diligence on Azets: check compliance and get alerts when suppliers or ownership change.
Denmark · owned by Independent (Denmark) · azets.com · 46 vendors
Azets is a mid-tier business advisory group that combines human expertise, progressive technology and international scale to provide local services. The company operates across 8 countries with 9,000 local experts serving over 100,000 clients through 190 locations.
Resilience scores
- Digital Sovereignty: 17
- Digital Resilience: 7
- Financial Resilience: 7.5
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Insights
Last updated 2026-09-13 · revision 23
46 direct vendors, 266 subvendors
Direct vendors by controlling owner country (sample)
- United Kingdom: 1
- UK: 6
- United States: 26
Subvendors by controlling owner country (sample)
- China: 8
- Germany: 6
- Australia: 1
Financials
Three-year financials
- 2023: revenue 705600000, EBIT 49500000, equity 369800000
- 2022: revenue 597100000, EBIT 38100000, equity 339900000
- 2021: revenue 529800000, EBIT 28500000, equity 312100000
Financial Resilience Score: 7.5/10
A significant portion of Azets' revenue comes from essential, non-discretionary services like compliance accounting, tax filings, and payroll. This creates a stable and predictable revenue stream that is resilient to economic downturns. Azets is a dominant player in the SME accounting market in both the UK and the Nordic region, giving it significant scale and brand recognition. As shown in the data above, the company has a proven track record of growing both revenue and profits, demonstrating a successful business model. Hg Capital is a highly experienced and well-capitalized software and services investor. This provides Azets with access to capital for further acquisitions and strategic guidance. As is common with private equity-backed companies, Azets carries a significant debt load resulting from its initial leveraged buyout and subsequent M&A activity. As of the FY2023 report, total borrowings were substantial, leading to significant finance costs that impact net profit. The company's growth is heavily reliant on acquiring and integrating smaller accounting firms. This strategy carries operational risks related to merging different cultures, IT systems, and client service models. The professional services market is highly competitive, with pressure on pricing from smaller local firms and larger national players.
Key strengths: Recurring Revenue Base, Strong Market Position, Consistent Growth & Profitability, Powerful Private Equity Backing
Risk factors: High Leverage, Integration Risk, Competitive Market
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